The Greek manufacturing sector contracted sharply in September as firms scaled back production in line with a further notable drop in intakes of new work, Markit Economics said Monday.
The Purchasing Managers' Index rose slightly to 42.2 in August from 42.1 in July.
The survey revealed that output levels drop on sharp decrease in new orders. Employment and purchasing activity were adjusted downwards and stocks further depleted.
Foreign order intakes marked the steepest fall since January 2009. At the same time, cost pressure was the strongest for over a year.
by RTTNews Staff Writer
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